In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Edgewater Technology Inc. (NASDAQ:EDGW) reported that Ancora Advisors, Llc has picked up 7,407,865 of common stock as of 2016-12-07.
The acquisition brings the aggregate amount owned by Ancora Advisors, Llc to a total of 7,407,865 representing a 8.55% stake in the company.
For those not familiar with the company, Edgewater Technology, Inc. is a provider of transformational classic and product-based consulting services. It offers a range of consulting services, such as classic consulting and product-based consulting. In addition, it also provides synergistic services in the area of data management and analytics, such as enterprise information management services and analytics services.
A glance at Edgewater Technology Inc. (NASDAQ:EDGW)’s key stats reveals a current market capitalization of $87.92 million based on 12.38 million shares outstanding and a price at last close of $7.00 per share.
Looking at insider activity, there are a few transactions worth noting.
Specifically, on 2015-08-20, Clancey picked up 112 at a purchase price of $7.18. This brings their total holding to 220,500 as of the date of the filing.
On the sell side, the most recent transaction saw Brewer unload 8,563 shares at a sale price of $5.36. This brings their total holding to 206,350.
It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an eye on Edgewater Technology Inc. (NASDAQ:EDGW) as things move forward to see if its progress aligns with these transactions.
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